Welcome to the April news letter giving a summary of results for March 2006. As with February, March was very busy with just under £500m being raised at auction.
Kind regards
David Sandeman
Managing Director
davids@eigroup.co.uk
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Essential Auction News
109 property auctions were held throughout the UK in March 2006.
We will compare these results to those of March 2005.
There is also a regional breakdown of statistics, and a detailed analysis of the type of properties offered and sold at auction.
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Overall Statistics March 2006
| Number of Auctions Held in the UK |
109 |
| Total Lots Offered |
2,829 |
| Total Lots Sold |
2,168 |
| Percent Sold |
77% |
| Total Realised |
£479,160,321 |
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National Auction Analysis
March 2006 was another busy month for the industry with several auction houses holding major auctions in terms of either number of lots offered or amount raised. Compared with last year, 23% more lots were offered and the amount raised surged forward by almost 58%. These trends are the same in the rolling 3 month and rolling year comparisons shown below.
| National Breakdown |
| |
Last Month |
Last Quarter |
Last Year |
| |
March 2006 |
March 2005 |
December-March 2006 |
December-March 2005 |
April 2005-March 2006 |
April 2004-March 2005 |
| Lots Offered |
2,829 |
2,302 |
6,761 |
6,048 |
31,699 |
31,250 |
| Lots Sold |
2,168 |
1,703 |
5,202 |
4,532 |
23,139 |
22,288 |
| Total Raised |
£479,160,321 |
£301,635,370 |
£1,124,698,007 |
£824,681,200 |
£4,694,465,986 |
£4,006,545,316 |
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Regional Auction Analysis
Given the uplift in both number of lots offered and the amount raised, it is no surprise that the regional comparison shows growth in all regions except East Anglia where both totals were very slightly down, as was the number of lots offered in London (down 4.7%).
We have noticed more auctioneering firms starting up in the regions, and several of the existing ones are holding auctions with many more lots than before and these two factors together with the buoyancy of the auction process are all contributing factors to the increase in auction activity.
| Regional Breakdown |
| Location Map |
Lots Offered |
Lots Sold |
Total Raised |
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March 2006 |
March 2005 |
March 2006 |
March 2005 |
March 2006 |
March 2005 |
| East Anglia |
52 |
58 |
36 |
47 |
£12,319,000 |
£12,880,125 |
| East Midlands |
196 |
127 |
157 |
98 |
£24,070,000 |
£15,453,500 |
| London |
297 |
311 |
257 |
249 |
£75,753,100 |
£60,455,450 |
| North-East |
199 |
144 |
176 |
112 |
£42,202,251 |
£16,504,200 |
| North-West |
513 |
441 |
359 |
277 |
£47,686,800 |
£30,539,450 |
| North-West Home Counties |
190 |
135 |
158 |
103 |
£59,803,700 |
£28,910,150 |
| Northern England |
205 |
175 |
100 |
110 |
£19,218,975 |
£14,639,000 |
| Northern Ireland |
25 |
4 |
16 |
4 |
£12,585,500 |
£315,000 |
| Scotland |
94 |
69 |
75 |
57 |
£22,898,100 |
£9,601,050 |
| South-East Home Counties |
320 |
237 |
261 |
187 |
£73,126,595 |
£52,362,250 |
| South-West |
222 |
177 |
186 |
138 |
£38,788,450 |
£26,054,700 |
| Wales |
128 |
79 |
82 |
61 |
£13,959,950 |
£8,848,450 |
| West Midlands |
388 |
345 |
305 |
260 |
£36,747,900 |
£25,072,045 |
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News and developments on the web site
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